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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can you and his mom put away 12k/year his junior and senior year in preparation for college?  That would give you $47k/year to spend each of the four college years, including the planned cash flow.[/quote]

OP here. Unfortunately the problem is that he took interest in fencing at a young age and we put a lot of money into it and still do. If he quit we could have extra to save. The problem is despite great athletics genetics 6'4 etc he is just not a competitive kid by nature. He is bright, but he is not the kind to push himself. And fencing scholarships are extremely rare. But he likes it and we feel that it gave me him a refuge from our divorce. [/quote]

You and your ex are each spending $1k a month ($2k total) on fencing instead of saving anything for college?

If you both aren't already socking away ANYTHING to save for this, than I am also suspicious that you'll be contributing $1k a month during his time in school.  Even $200 a month in a 529 plan for the next years will be way better than saving nothing, though it doesn't have much time to grow.[/quote]

OP here. I am the one paying for his fencing. And basically what I am paying for fencing now I'll just divert to college. And further starting next fall I am making changes to reduce his fencing cost by 40% by switching him to a more local program and put the rest in his 529. I do have a 529 for him but it has a balance of only $3k and I put $100/month in it. The balance is so small and that's why I consider it as "no money saved for college".

But you are correct though I need to find ways to start saving more NOW even if I need to cut fencing completely especially since he is unlikely to get a scholarship for it.[/quote]

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